Barclays has just launched a new £500m growth fund for small & medium-sized businesses across the North of England as a part of their commitment to support the Government’s Northern Powerhouse Initiative.
The new fund is available now and enables Barclays to offer the following business lending services for the first time:
- Fee free lending up to £25,000
- Up to £100,000 lending without the need for tangible security
- Up to £250,000 overdraft without the need for property security for transport & logistics, business services, wholesalers & manufacturing companies
- Cash flow funding for businesses to invest in acquisitions & organic business growth
The fund adds half a billion pounds of available funding and sits alongside the Northern Powerhouse Investment Fund (NPIF) and North East Fund – both of which can be combined with the Barclays Fund meaning even more growth support for the economy of the North of England.
Attend the North East launch event
The event on Tuesday 3rd July is an opportunity to find out more about the Barclays fund & to meet representatives of the four fund management companies managing the additional £120m North East Fund.
Barclays’ £500m Northern Powerhouse Fund Launch
Tuesday 3rd July (8am-10am)
Tuspark Newcastle, Maybrook House,
27 Grainger Street, Newcastle upon Tyne, NE1 5JE
To register your place, please RSVP to Rachel.Bell1@barclays.com